The recent transformation of cord blood to a precious source of stem cells has given rise to a global commercial industry of conservation, which is now competing with a large network of public cord blood banks. This dissertation explores the socio-cultural context surrounding the emergence of that industry and aims at elucidating the ethical and political concerns that it generates. It begins by examining how public cord blood banks define themselves (and are defined by ethical commitees) as purveyors of values such as altruism and national solidarity -that is, values which were traditionally linked to the « redistributive » model of human blood and organs exchanges that emerged after World War II. It next argues that private banks are bringing about a radical transformation of the relationship between mothers and their biological “products”. This dissertation suggests that this innovative model of exchange is an expression of contemporary reconfigurations of the very notion of community, which is now characterized by what we call new forms of “biosociality”. Our hypothesis is that these new socialities can be understood as the consequence of a collective hope to improve familial biological conditions, which is itself the product of the growing financiarization of life sciences. By way of a foray into the « promissive » discourse employed by private banks for their promotional material, the dissertation attemps to identify how these potentialities attributed to cord blood define new maternal subjectivities characterized by specific moral duties and obligations.